California Statutes
§ 2701.21. — 2701.21. (Added by Stats. 1989, Ch. 108, Sec. 2.)
California·Code SHC Streets and Highways Code - SHC·Div. 3. DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS·Ch. 17. CHAPTER 17. Passenger Rail and Clean Air Bond Act of 1990·Art. 3. ARTICLE 3. Fiscal Provisions
The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIII
B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.
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California § 2701.21. (2701.21. (Added by Stats. 1989, Ch. 108, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.